Partners Group is one of the most established players in global private markets, managing over $140 billion in assets across private equity, private debt, infrastructure, and real estate. Known for its scale, global sourcing capabilities, and execution infrastructure, the firm has long been a core manager for institutional allocators. With its Global Value SICAV, Partners Group brings this platform to private wealth investors through a semi-liquid, evergreen structure designed for long-term private equity exposure.
What makes Partners Group Global Value SICAV unique?
The fund does not operate as a fund-of-funds and does not rely on external manager selection. Instead, it builds its portfolio directly from Partners Group’s internal sourcing platform, accessing deals, co-investments, and fund positions already underwritten for the firm’s institutional mandates. This creates direct exposure to private companies and primary fund allocations without layering additional fees or external manager risk. Investors benefit from the same proprietary pipeline, diligence, and pricing that the firm’s institutional clients rely on.
Furthermore, the portfolio combines primary fund commitments, secondaries, and direct investments, and different asset classes including private credit. The result is a broad private markets allocation with exposure across vintages, strategies, and geographies. Sector allocations evolve over time, based on both macro themes and deal availability across the platform. The fund is built for compounding over time, not for short-term distributions or vintage year targeting.
The fund is an evergreen, and allows monthly subscriptions and quarterly redemptions, subject to standard gating mechanisms. Liquidity is managed conservatively and is designed to match the pace and nature of the underlying assets. There is no attempt to create liquidity through listed equities or synthetic structures. Instead, the manager uses pacing, cash buffers, and redemption gates to provide access while maintaining alignment with private market dynamics. Investors are expected to allocate for the long term, without reliance on interim cash flows or redemption guarantees.
Institutional discipline applied to portfolio construction
Partners Group applies its global investment committee model to portfolio construction in the SICAV. Investments are selected thematically, using both top-down macro views and bottom-up sourcing. The fund avoids passive allocation and is not index-like in its structure. It may overweight sectors with structural tailwinds or focus on specific geographies where deal flow is strongest. This ensures that portfolio construction is dynamic and reflects the firm’s highest conviction ideas, rather than filling exposure buckets for diversification’s sake.
Platform scale and infrastructure
Few evergreen funds are backed by platforms of this size or maturity. Partners Group has teams across Europe, North America, and Asia, and maintains longstanding relationships with hundreds of GPs globally. The fund benefits from these relationships not just in sourcing, but in access to over-allocated co-investments, continuation vehicles, and hard-to-access primary funds. Execution, legal structuring, and risk management are all handled in-house, avoiding the outsourcing or third-party servicing that is common in smaller evergreen vehicles.
The investment strategy remains fully private, fully illiquid at the underlying level, and institutionally managed. For allocators seeking a high-conviction entry point into private equity through a single manager platform, this fund offers a disciplined, fully integrated alternative to more fragmented or diluted evergreen models.
Long track record
With returns averaging over 10% since inception, the Global Value SICAV has been running since 2007, making it one of the longest-standing evergreen private equity funds in the market. This longevity is not just a marketing point—it’s operationally meaningful. Many newer semi-liquid funds are still building out their portfolios, managing large cash balances, or navigating early redemption cycles for the first time. By contrast, Partners Group has already navigated Global Value through multiple market cycles, including periods of stressed liquidity and valuation pressure. The investment pacing, liquidity framework, and capital recycling process are fully established. Investors are not buying into a blind pool or an experiment, but into a functioning, seasoned portfolio with a track record of disciplined execution and portfolio turnover. In a space where many evergreen funds are still largely theoretical in their behaviour, this one has a long and observed history.
For which investors is the fund suitable?
- Investors seeking long-term equity growth returns
- Investors who look for lower volatility than found in public equities
- Investors who are prepared to have an element of illiquid assets in their portfolio with the aim of delivering long-term outperformance